By admin 
By Milton Were
The Co-operative Bank of Kenya has made strong headlines throughout May 2025, driven by solid financial results, new job opportunities, increased digital adoption, and continued regional expansion. Here’s a look at the key developments that define the bank’s performance and impact this month.
📊 Strong Financial Results in Q1 2025
Co-op Bank reported impressive numbers in its latest quarterly report:
- Net Profit rose to KSh 6.9 billion, a 5.3% increase from Q1 2024
- Profit before tax stood at KSh 9.63 billion
- Total assets grew by 8.3% to KSh 774.07 billion
- Customer deposits hit KSh 525.17 billion, up 9%
- Shareholders’ funds surged by 22.7% to KSh 155.89 billion
- The loan book expanded to KSh 385.5 billion
- Revenue increased by 12.8% to KSh 21.2 billion
This performance cements Co-op Bank’s position as one of Kenya’s most stable and growth-focused financial institutions.
💼 New Career Opportunities
Co-op Bank has also opened its doors to professionals seeking to join its dynamic team. Key roles advertised in May include:
- Head of MSME Credit Quality, Collections, and Recoveries
- Business Systems Support Manager
- IT Security Operations Centre (SOC) Analyst
- Portfolio Management Officer
- Corporate Credit Analyst
- Head of Corporate Credit Risk
Application deadlines were set between May 9 and May 15, signaling the bank’s commitment to strengthening its workforce with top talent.
🚗 Asset Disposal: Car Auction
As part of its asset disposal strategy, Co-op Bank launched an online vehicle auction featuring 27 vehicles ranging from Honda and Isuzu to Toyota Prado models. Vehicles were manufactured between 2013 and 2024, and bidding is scheduled to close on May 28.
Participants were required to pay a KSh 3,000 non-refundable bid fee, with successful bidders expected to complete payment within 24 hours.
🏢 Physical and Digital Expansion
Co-op Bank continues to grow its footprint:
- 14 new branches were added in 2024, bringing the total to 211, including 5 in South Sudan
- Over 92% of customer transactions are now conducted digitally
- The bank’s mobile platform, MCo-op Cash, disbursed KSh 76.7 billion in loans over the year
This reflects a growing reliance on digital banking solutions while maintaining physical presence across the country and region.
🏆 Recognition and Awards
The bank received notable accolades:
- Named winner of the Best Omni-Channel Technology Implementation in partnership with Intellect Global Consumer Banking
- Ranked highly in the Kenya Bankers Association (KBA) Customer Satisfaction Survey 2023, underscoring its commitment to customer service
From strong financial growth to digital innovation and expanded career opportunities, Co-operative Bank continues to position itself as a market leader in Kenya’s banking sector.
With a firm focus on customer needs, community engagement, and regional presence, Co-op Bank is not just growing — it’s evolving.
Stay updated with more financial news and developments at info-kenya.com.